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Mar 17, 2013
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get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my mind. >> senators graham and ayotte and other republicans have said they're open to new revenue if the president is willing to do significant entitlement reform. is that something you could consider? would you say no to that? >> the president got his tax hikes on january 1st. the talk about raising revenue is over, it's time to deal with the spending problem. >> the president suggested cuts to social security and means testing medicare is that enough? what more does he have to do on entitlements for you to consider additional revenues? >> we need to put the entitlement p
get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my...
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Mar 18, 2013
03/13
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CNNW
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i think it goes to the point where most americans are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the s of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positiv
i think it goes to the point where most americans are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the s of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's...
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Mar 19, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> twitter exploded over a comment about a character in the hugely popular history channel show, "the bible." the character was satan. and the comment was satan looks like the president of the united states. now, the bible is produced by the survivor and voice producer mark burnett and his wife, roma downey. it is, as the name implies, a retelling of the scriptures from genesis to revelation. this weekend, right wing radio host glenn beck tweeted something about the show. quoting beck, quote, anyone else think the devil in "the bible" sunday on history channel looks exactly like that guy? that guy is what glenn beck calls president obama, mainly because he doesn't respect him enough to use his title. according to beck,
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> twitter exploded over a comment about a character in the hugely popular history channel show, "the bible." the character was satan....
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Mar 19, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> twitter exploded over a comment about a character in the hugely popular history channel show, "the bible." the character was satan. and the comment was satan looks like the president of the united states. now, the bible is produced by the survivor and voice producer mark burnett and his wife, roma downey. it is, as the name implies, a retelling of the scriptu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the...
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Mar 18, 2013
03/13
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KCSM
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all the cuts that are coming are .oming out of education it is hurting the economy. you have got to come up with the plan to came the growth of entitlements -- to tame the growth of the entitlements. >> i am very intuitive could i have the sense that charles is exasperated by what you said. >> pardon me, charles. >> he has been in office for a term and three months. he knows what the problem is. he is not a stupid man. he spoke about this openly in 2010, saying that medicaid is unsustainable and the cuts at the edges are not going to work one. what evan is asking, i suspect that he is exasperated, too, is why hasn't he done anything? the only reason he is doing the charm offensive is to manage the poll numbers. >> i think the democrats are a big problem for him. they do not want to change social security. social security was started at a time when life expectancy was 65 years old. >> it seems that all is good begin with our foundational document as the constitution, and the second man and says the right to bear arms shall not be infringed. >> i have studied the const
all the cuts that are coming are .oming out of education it is hurting the economy. you have got to come up with the plan to came the growth of entitlements -- to tame the growth of the entitlements. >> i am very intuitive could i have the sense that charles is exasperated by what you said. >> pardon me, charles. >> he has been in office for a term and three months. he knows what the problem is. he is not a stupid man. he spoke about this openly in 2010, saying that medicaid...
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Mar 13, 2013
03/13
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CNBC
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we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of that from tax increases, half from spending cuts. she has a $100 billion of stimulus put in there. this is while the house republican party is marking up its budget committee resolution. no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year con
we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of...
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Mar 20, 2013
03/13
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that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if
that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to...
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Mar 13, 2013
03/13
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economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still ten points away. that's not going to happen here. but we will head towards the close. we'll have more closing bell coming your way in just a moment. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helpin
economy slowly getting better. best place to put money, maybe lighten up on some of the emerging market stocks. commodity stocks were a little bit on the downside. here, home building stocks, aero-based stocks, u.s. companies on the upside here. >> we've got a nine-point gain. any gain, new high. the s&p still ten points away. that's not going to happen here. but we will head towards the close. we'll have more closing bell coming your way in just a moment. zap technology. arrival....
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Mar 20, 2013
03/13
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CNNW
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we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is moving we can find common ground and get an agreement o get a downpayment on the problem. >> in early april the president eventually is going to release his own budget so there will be a house budget, senate budget, the president's budget. do you believe based on the luncheon that you had with the president that he is ready to make compromises that you're ready to make compromises by the end of july, early august there will be what we call a grand bargain? >> i think it would be helpful to the process if he made them publicly. if he actually said on paper here is what i'm willin
we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is...
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Mar 16, 2013
03/13
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we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the party of growth. it is not based in washington, d.c. [applause] we have fallen into a trap of believing the world revolves around washington, that the economy is based there. if our goal is to simply better manage the disaster that is the federal government, you can count me out. i am not sign -- signing up for that. honestly, who of you here wants to sign up to help manage the slow decline of the united states of america? i sure don't. not -- that is what we have democrats for. [applause] party promises to be the party of more, but they are actually the party of less. they are the
we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the...
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this could send the already fragile european economy into chaos the bail out levy is unjust shortsighted and dangerous cypriots for should fight tooth and nail against it they should not have to suffer for crimes they did not commit this is obvious to me as should be obvious to you so why did the e.u. come up with such a foolish plan and what are its broader ramifications for the european and global economies let's ask richard roth esko senior fellow at the campaign for america's future richard walker. thanks tom good to be back thanks for joining us the e.u. and the i.m.f. are mandating levies of nine point nine and six point seven five percent on these separate bank accounts as part of their bailout deal. what genius came up with this stupid idea. you know we don't know exactly who came up with it but we know that this is what this was what the troika wanted the troika being in the european union and the i.m.f. basically. but here is you know one glimpse into the mind set behind it what that was really disturbing was a model aryan you know it was that of pimco very well connected in th
this could send the already fragile european economy into chaos the bail out levy is unjust shortsighted and dangerous cypriots for should fight tooth and nail against it they should not have to suffer for crimes they did not commit this is obvious to me as should be obvious to you so why did the e.u. come up with such a foolish plan and what are its broader ramifications for the european and global economies let's ask richard roth esko senior fellow at the campaign for america's future richard...
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Mar 16, 2013
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in europe, people at the event told us the tone was encouraging. >> the economy is in the process of healing. the economy is better, it has a ways to go, unemployment is a couple percentage points lower than it was. it was the stanford institute for economic research. the summit is in the 10th year. >>> on keat is -- wall street closed a little bit lower. >>> from a u.s. marine to the san jose police force, one of dozens of stories at the police academy graduated a new closs. how this graduation comes after years of cut backs. >> 43 men and women entered this hall as civilians and they lefts asworn police officer. this is san jose police academy class 18. two women and 41 men marched into park side hall to graduate after the toughest six months of their lives. >> i prefer to think of the last six months and what we have accomplished. we're peace officers, we're realizing our dreams. >> it will be a big honor to be a part of this. 33-year-old matthew barerra joined the department after spending years in the marine corps. i've seen evil, i know what it can do. it have will be fun letti
in europe, people at the event told us the tone was encouraging. >> the economy is in the process of healing. the economy is better, it has a ways to go, unemployment is a couple percentage points lower than it was. it was the stanford institute for economic research. the summit is in the 10th year. >>> on keat is -- wall street closed a little bit lower. >>> from a u.s. marine to the san jose police force, one of dozens of stories at the police academy graduated a new...
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Mar 15, 2013
03/13
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if japan decides to take part, what would be the impact on i wants economy. there are advantages and disadvantages. here are some of the major issues. u.s. tariffs are 5% for testi televisions and 2.5% for cars. it could enable japanese makers to sell them cheaper. more exports will help create more jobs in japan. the government estimates the real gross domestic product will grow about $33 billion. that's an extra growth of 0.06%. japan imposes import if tariffs are abolished the total production would be cut by $31 billion. that's a 40% drop from the current output. now let's get a check on the markets. the dow jones is higher for a tenth day. it rose about 0.06% to 14,539 posting another record high. investors continue to see a rosier picture for the world's largest economy. to see how stocks are performing this friday we're going to switch over to ramin. the positive momentum just continues in the u.s. and the nikkei also saw gains yesterday. is that continuing this friday? >> it doesn't seem. we should see further gains. i'll come to the opening levels ri
if japan decides to take part, what would be the impact on i wants economy. there are advantages and disadvantages. here are some of the major issues. u.s. tariffs are 5% for testi televisions and 2.5% for cars. it could enable japanese makers to sell them cheaper. more exports will help create more jobs in japan. the government estimates the real gross domestic product will grow about $33 billion. that's an extra growth of 0.06%. japan imposes import if tariffs are abolished the total...
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Mar 17, 2013
03/13
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FOXNEWSW
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our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a
our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said...
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Mar 18, 2013
03/13
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partly because of our resilient economy and our world currency status. >> michael: there you have it. but it turns out americans saw right through it. a poll out today from the hill shows while americans might be sympathetic to republican's ideas about lowering taxes they still trust the president to handle the economy. 65% said u.s. budget deficit should be reduced by cutting spending. but 35% said they trust the democrats more. so to regain the public's trust they have done an autopsy of the 2012 campaign. the rorpt has a lot of style but not a lot of serious substance. in it the word messaging appears 77 times technology in there 42 times, and then there is the long list of things that got no mention at also. health care inequality and others. the plan also pointed to some other issues, and no bashing poor people at all. the plan says low-income americans are hardworking people who want to become hard-working middle-income americans of course paul's plan would make it harder than ever to allow poor people to join the middle class. next up, reagan. enough already. the youngin's at a
partly because of our resilient economy and our world currency status. >> michael: there you have it. but it turns out americans saw right through it. a poll out today from the hill shows while americans might be sympathetic to republican's ideas about lowering taxes they still trust the president to handle the economy. 65% said u.s. budget deficit should be reduced by cutting spending. but 35% said they trust the democrats more. so to regain the public's trust they have done an autopsy...
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Mar 16, 2013
03/13
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we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it is just the way it works. you have to be very careful. because you could say that to a certain extent, the odds aren't looking so great right now for republicans, that you are on a suicide mission. you are just not going to get those votes. i say to myself, why aren't we letting people in from europe? i have many friends, many many friends, from europe who want to come in. people i know. tremendous people. hard people. -- hard working people. they cannot come in. i know people whose sons went to harvard, top in their class. went to the wharton schoo
we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it...
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Mar 18, 2013
03/13
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CNBC
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we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing. >> key thing is gdp numbers were raised. retail sales numbers were better than expected. i think john's right. they'll do that with s&p numbers, although i haven't seen a lot. the only other one is isi. they had 1668 and now at 1690. they raised it. >> this is very healthy thing. we want the s&p to be going up based on stronger earnings. not just based on financial magic. that's what seems to be happening. great. >> mayor bloomberg is good for a topic here. he's decided he's going to ban cigarette advertising in the city establishments, keep all tobacco p
we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing....
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Mar 18, 2013
03/13
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but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. it's much better than an austerity budget. >> you're saying after two years things are definitely better now? >> things are definitely better now. the fiscal picture is brightening. things are brightening still. the last thing we want to do when the economy is poised to recover is throw another obstacle in the way. >> who are you calling for march madness? >> my team, stanford probably not having a shot. >> congressman schiff, thanks for stopping by. jim garrity says quote with st. patrick's hangovers and bracket fillings of march madness this isn't a productive day for our economy. with pantene. amazing pro-v formulas fight signs of damage for healthier, stronger, shinier hair. dare to take the pantene 5 signs challenge today. i took the dare. will you? pantene. daily moisture renewal. hair so healthy it shines. it fills you with energy... a
but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. it's much better than an austerity budget. >> you're saying after two years things are definitely better now? >> things are definitely better now. the fiscal picture is brightening. things are brightening still. the last thing we want to do...
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Mar 19, 2013
03/13
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FBC
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they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a twinkie bought by me when they are back on the shelves. what is going on with chesapeake energy? the stock is moving. nicole: did you actually say you are going to buy something for somebody should mark that should be the headline right there. chesapeake being cut today to an under performer. making available $2.3 billion this move for chesapeake energy under some pressure. stuart: the situation of cyprus. it is scaring people. how confident are you in this country's banks? we have some numbers for you coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles
they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a...
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Mar 17, 2013
03/13
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we had higher tax rates then, we had a booming economy. as our population ages we have to make choices about how we are going to connect to supporting them. there was a research the came out recently that asked people what you want to do about social security. he were willing to pay higher taxes in order to keep the promises that we have made, and even expand benefits. they want to expand social security. we have to adjust for the fact that we do have an aging population. it is when the cost more. we have to have a higher revenue base to support that or else we are going to have to make some cuts that i do not think the population wants to make. commentother referring to rick perry and rick santorum -- in-line guest: they are going through an autopsy. i do not want to throw out names. that did come from bobby j. del. i think there needs to be more open mindedness. i do not think these are stupid individuals. i think they need to be willing to look at all the options that are on the table, looked at the evidence, and really be tied to that
we had higher tax rates then, we had a booming economy. as our population ages we have to make choices about how we are going to connect to supporting them. there was a research the came out recently that asked people what you want to do about social security. he were willing to pay higher taxes in order to keep the promises that we have made, and even expand benefits. they want to expand social security. we have to adjust for the fact that we do have an aging population. it is when the cost...
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Mar 15, 2013
03/13
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economy. the gas prices have spiked. the u.s. consumer price index up .7 of a percent. this is the highest level that we've seen in gas prices in more than three years. so a really big jump we have watched. think about the impact on that on people's pockets. the money going into the gas tank and not going other places, that is the biggest jump we've seen in three years. bill: four bucks plus in new york. martha: yeah. bill: so the wife of a jailed american pastor in iran heading to the hill today. this is the first hearing we will see on this topic. the wife of said abedini will testify in front of a house hearing. she hopes the obama administration will put more pressure on iran for holding her husband. he is being held for practicing his faith in that country. we have the chair of the u.s. commission on international religious freedom. she is set to testify at the hearing today. doctor, we're honored to have you on today and good morning. >> thanks, i'm delighted. bill: what could come from this hearing do you think? >> well, congressional hearings have the ability to
economy. the gas prices have spiked. the u.s. consumer price index up .7 of a percent. this is the highest level that we've seen in gas prices in more than three years. so a really big jump we have watched. think about the impact on that on people's pockets. the money going into the gas tank and not going other places, that is the biggest jump we've seen in three years. bill: four bucks plus in new york. martha: yeah. bill: so the wife of a jailed american pastor in iran heading to the hill...
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they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that could set in if he took bold, monetary measures. >> he was able to end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him credit for helping to stabilize the financial system. japan did not experience a financial crisis despite the collapse of lehman brothers and the earthquake two years ago. here are the latest market figures. >>> people across iraq are looking back on a war that took away one problem and replaced it with many others ten years ago on march 20th, u.s.-led forces invaded their coun
they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that...
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this economy is moving in the right direction. >> james, let me ask you a question. i think to a certain degree -- look, blame can go around on both sides of the aisle. but two some degree there's a false equivalency that house democrats and house republicans are equal in their ideological position, right? i want to read a quote from ezra klein who has a great analysis of this. while the house progressives fantasy land no compromise effort, ryan's fantasy land no compromise effort is the official position of most every republican. house progressives don't need to learn how to compromise, but the house republicans do need to learn to compromise and there's not much evidence they're there yet. >> and if you read david brooks' column had in "the new york times," the big effort to equate that with the sort of mainstream position. the president has already said that he was open to cutting medicare. i don't know why. but he is. he's open to all of these things. and we just try to pretend like they don't happen. because after all, it's an either/or thing, maybe we need more
this economy is moving in the right direction. >> james, let me ask you a question. i think to a certain degree -- look, blame can go around on both sides of the aisle. but two some degree there's a false equivalency that house democrats and house republicans are equal in their ideological position, right? i want to read a quote from ezra klein who has a great analysis of this. while the house progressives fantasy land no compromise effort, ryan's fantasy land no compromise effort is the...
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are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from senate legislation, while two top gun reform advocates continue to push for reform. in new york earlier today, vice president joe biden and new york city mayor michael bloomberg held a press conference with families of the sandy hook elementary school massacre. delivering a unified message to congress -- get some guts. >> it's time for the political establishment to show the courage your daughter showed. >> quite honestly, i'm really ashamed to see that congress doesn't have the guts to stand up and make a change and put a ban on these types of weapons and universal background checks. >> congress just has to ge
are critical conversations going on today about this country's foreign policy, the direction of its economy, and the security of it is citizens. the president is in israel, where he delivered a major speech calling again for a two-state solution in the middle east. in congress, house republicans successfully parsed paul ryan's third budget blueprint, likely to never become law. >>> but we begin with a moment of deep frustration this week. after an assault weapons ban was dropped from...
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when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per year and those billions per year create hundreds of billions of dollars in wealth and in job creation and in wealth creation. so that is the money that dries up first and we're seeing it already in silicon valley. >> you're saying the cuts, what's the part that dries it up, the uncertainty our the can you say to the research spending and what's the this i think that most hurts. >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting, what is happening is the all forms of capital, all forms of investm
when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per...
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. >> your personal economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments. turn here. >> bbc world news was presented by kcet, los angeles. captioning sponsored by macneil/lehrer productions >> woodruff: rebels in syria said today they would not stop fighting until president bashar al-assad is gone. good evening, i'm judy woodruff. >> brown: and i'm jeffrey brown. on the "newshour" tonight: two years into the syrian uprising, we look at the situation on the ground, and the diplomatic debate over aiding the rebels. >> woodruff: kwame holman reports from the annual gathering of american conservative activists, who are trying to chart their political future. >> with last november's defeat of mitt romney, this key bloc of conservative enthusiasts has set its sights on a new goal: re
. >> your personal economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments. turn here. >> bbc world news was presented by kcet, los angeles. captioning sponsored by macneil/lehrer...
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Mar 21, 2013
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they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks to financial stability. it will lead some to take on e
they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed...
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our military strength depends on an economy so strong that it can support that kind of military. our economy depends on a people that are so strong, so educated, so resolute, so hard working, so inknow vintive, so focused on the creating a great future for their children. that is the america we grew up in. that is the america that our children deserve. [applause] just think about america. what nation but ours would have enjoyed military power for 25 years and never used it to seek revenge against it's foes or to seize natural resources from the weak? what nation is the first to bind up the wounds of the injured from hurricanes and tsunamis and war? what nation is the largest contributor to the fight in africa against aids? what nation came to the rescue of others in the face of tyranny in korea, street nan, bosnia, afghanistan, kuwait, iraq. when you think of this -- whatever you think of these interventions, the impulse behind every one of them is little bit per ration not -- liberation, not con quest. in all of human history, there has never been a great pow their is so often u
our military strength depends on an economy so strong that it can support that kind of military. our economy depends on a people that are so strong, so educated, so resolute, so hard working, so inknow vintive, so focused on the creating a great future for their children. that is the america we grew up in. that is the america that our children deserve. [applause] just think about america. what nation but ours would have enjoyed military power for 25 years and never used it to seek revenge...
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. >> your personal economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments. turn here. >> bbc world news was presented by kcet, los angeles. picking day! we're going to the enchanted garden to pick fruit. and then, we're going to help my dad build a playhouse. we have a lot to do today. i'm glad you're here. be right back! is made possible in part by... the richard king mellon foundation. dedicated for over sixty years to south western pennsylvania's quality of life, and competitive future. and by these pittsburg foundations. working together to enhance and enrich the lives of children for more than seventy-five years. and by the arthur vining davis foundations. dedicated to strengthening america's future through education. adcasting, dedicated to strengthening america's future a
. >> your personal economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments. turn here. >> bbc world news was presented by kcet, los angeles. picking day! we're going to the enchanted garden...
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>> part of the problem is the economy itself. we have 12 million people unemployed and 40 percent have been unemploy god more -- unemployed to more than six months. the economy has not been kind or the great recession kind to younger people. a lot is not to be blamed on them. there are some things they can do, a couple of things. they tend to get into the workforce later and not contributing to the 401(k)'s or owning stock and they did not participate in the big bull run. when you get a 401(k) and when you can have an i.r.a., put all the money you can as much as you are allowed to, put it in that. many of them are not buying houses but living with that are parents. but home prices are starting to go up, and buying a home will be good, as well. having a family. they are delaying having family. when you are part of a family you tend to budget better and you are constant because you think of your the rest. these all things that are part of the younger generation but they can change. >>heather: steps they can take to change their per
>> part of the problem is the economy itself. we have 12 million people unemployed and 40 percent have been unemploy god more -- unemployed to more than six months. the economy has not been kind or the great recession kind to younger people. a lot is not to be blamed on them. there are some things they can do, a couple of things. they tend to get into the workforce later and not contributing to the 401(k)'s or owning stock and they did not participate in the big bull run. when you get a...
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there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had been responsible for a loss of power this week. -- said a rat has been responsible for a loss of power this week. a dead rat was found near a switchboard. the company is investigating whether the raft was the cause. that it has killed a french national captured in mali in 2011. it claims it executed the man in retaliation for france's intervention in mali. the french foreign ministry said it is trying to verify those claims. the first test- tube baby was born in the u.k., the country could be leading the way again. this time it is a new idf procedure that creates a baby with three biological parent
there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had...
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to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our al
to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties...
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it is isolated, its economy is in dire straits, its economy is divided, and its position in the region and world has only grown weaker. i do believe that all of us have ab interest in resolving this issue peacefully. strong and principled diplomacy -- [ applause ] -- strong and
it is isolated, its economy is in dire straits, its economy is divided, and its position in the region and world has only grown weaker. i do believe that all of us have ab interest in resolving this issue peacefully. strong and principled diplomacy -- [ applause ] -- strong and
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manufacturer are expected to relocate sites to newly emerging economies. they want to take advantage of lower costs. analysts say if the figure continues to drop, it will affect regional economies in japan as well as employment. >>> elderly japanese suffering from dementia could soon be using the latest technology to help them lead more fulfilling lives. the research institute of the national rehabilitation center for persons with disabilities organized an event to display their newest equipment. about 100 people attended, including family members and helpers who look after people with dementia. a pill case reminds users to take their medicine and even prevents accidental overdoses. the case is fitted with an alarm and dispenses the correct amount of medicine. researchers said 19 elderly people who forgot to take pills more than once a week tried using the case. after three months, 14 of them found it helpful. other equipment included a transmitter attached to purses or keys. when a remote control button is pushed the equipment emits a sound to help the us
manufacturer are expected to relocate sites to newly emerging economies. they want to take advantage of lower costs. analysts say if the figure continues to drop, it will affect regional economies in japan as well as employment. >>> elderly japanese suffering from dementia could soon be using the latest technology to help them lead more fulfilling lives. the research institute of the national rehabilitation center for persons with disabilities organized an event to display their newest...
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moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the...
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. >> these cuts are not smart, they are not fair, they will hurt our economy and add hundreds of americans to the unemployment roles. >> let's start out with the charm offensive taking with them over lunch. >> who are the middle class americans, some are families with children with autism and down syndrome, these are americans we'd be telling to fend for themselves. >> the president reaching out and having phone conversations and encounters with lawmakers of both parts. >> congress allows this meat cleaver approach to take place. the federal prosecutors will have to close cases and let criminals go. >> you know, the president, the big talk around washington is this so-called charm offensive, he has dinner with these republican legislators. >> you don't want to have to choose let's see do i close funding for the disabled kid or the poor kid? >> all right. so much for so-called bipartisanship. joining me now live with his reaction, he's in his bunker, mark levin. we have a nobel prize winning president, the anointed one i call him. were you surprised that barack obama the first was not elect
. >> these cuts are not smart, they are not fair, they will hurt our economy and add hundreds of americans to the unemployment roles. >> let's start out with the charm offensive taking with them over lunch. >> who are the middle class americans, some are families with children with autism and down syndrome, these are americans we'd be telling to fend for themselves. >> the president reaching out and having phone conversations and encounters with lawmakers of both parts....
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officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 eur
officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday...
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so the whole economy does. over the last couple of days, more and more of us have learned where the country of cyprus is located because the economy there is -- looks like there is problems there because the e.u. is trying to bail them out, but they're talking about cutting people's accounts in the banks by 10%. i know your parents were born there. what can you tell us about the very latest on the collapse in cyprus? >> okay. so now we have the ecb giving an ultimatum to cyprus, selling them they must come up with a plan by monday. the banks are closed until tuesday. i can hear the sounds from the video that you're playing, obviously there is outrage, people are frightened there. the beautiful island of cyprus is very small. it's about .2% of europe's gdp. but it has become a lead story because originally the government was going to go in there and basically confiscate people's money, but they deposit -- that they deposited in the banks that they thought was safe. and they were going to issue taxes. now cyprus
so the whole economy does. over the last couple of days, more and more of us have learned where the country of cyprus is located because the economy there is -- looks like there is problems there because the e.u. is trying to bail them out, but they're talking about cutting people's accounts in the banks by 10%. i know your parents were born there. what can you tell us about the very latest on the collapse in cyprus? >> okay. so now we have the ecb giving an ultimatum to cyprus, selling...
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and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is f
and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global...
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and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka, china has been a really important economic driver here in the global economic scale especially over the last few years of the economic slump in the west. and when you look at this unrest and the riots that are happening, when you look at the impact on health care and the cost to the chinese government, there's a very real impact on the economy of china as a whole. and that certainly impacts the rest of us as the world. from an environmental perspective too smog and particlats that originate in china can be found on the beaches of the bahama and the a
and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka,...
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when it impacts on the economy has been a decline in tourism. that is related to the security situation. they recognize that. they have internal challenges. >> the real security challenge is internal. strict a has gotten pretty dangerous -- street crime has gotten pretty dangerous, especially in cairo. the other question is broader. that is a general direction they are heading in government lies. there was an election that questions reforms of the constitution in egypt. where is egypt heading? where is the muslim brotherhood or president morsi? byhe heavily influenced them? is there democratic transition? is their push for an islamist type stay? or is there still a flux? >> i think that latter, the third condition is still in flux. the leadership of egypt is influenced by pragmatic aspects and challenges like the state of the economy and the security in the streets. however, at the same time, the ideology is influenced by the muslim brotherhood. that is evident in some of the constitutional provisions, particularly with the rights of women. >> t
when it impacts on the economy has been a decline in tourism. that is related to the security situation. they recognize that. they have internal challenges. >> the real security challenge is internal. strict a has gotten pretty dangerous -- street crime has gotten pretty dangerous, especially in cairo. the other question is broader. that is a general direction they are heading in government lies. there was an election that questions reforms of the constitution in egypt. where is egypt...
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but i got news for you as long as you are on a resource-based energy system, or resourced-based economy, you are always at the effect of the limitations on that resource. there is no way around it, you are going to run out of it. and if you go we have 100 years of natural gas. look if it is causing earthquakes to get it out of the ground now, what about the crap gas, if there was an easy flow -- spigot that you stick it in the ground, we would be using that natural gas. we're not. the natural gas boom going on now, involves pumping huge amounts of water in the ground -- >> you are talking about frac-ing. >> hal: yes, and directly causing earth quicks in areas of the country they are not used to. here we are. we arel -- ohio has never done that. in john boehner's direct unfortunately anybody who voted for him the last ten times around you are not thinking about the future you are totally just -- you have hung up on that notion because just outside of his district in lima ohio, there is a factory that is making abrams tanks, and he snuck in $180 million for upgrades to this tank, which is
but i got news for you as long as you are on a resource-based energy system, or resourced-based economy, you are always at the effect of the limitations on that resource. there is no way around it, you are going to run out of it. and if you go we have 100 years of natural gas. look if it is causing earthquakes to get it out of the ground now, what about the crap gas, if there was an easy flow -- spigot that you stick it in the ground, we would be using that natural gas. we're not. the natural...
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FOXNEWSW
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. >> somebody like chuck todd doesn't understand the economy. he's a political reporter. it's time we separate political reporters from real journalists because they don't understand whaeut what is going on with the ryan budget. we can't have a serious discussion about entitlements if we are truly going to have political reporters hogging up the front pages of what is going on. it's time that editors put the economists, and those reporters, journalists who understand the economy on the front page. jon: paul krugman is an economist an didn't like it. >> he is shoved to the opinion side of reporting. jon: the senate hasn't passed a budget in nearly four years. what happens in washington? you worked on capitol hill, when you don't have a budget what happens? >> they do continuing resolutions and they just keep doing continuing resolutions. the problem is -- you can keep funding the government, that is not the issue. the issue is there is no long-term plan. jon: and there is no benchmark. >> yeah, there is no vision. you have -- you need the president coming out and laying ou
. >> somebody like chuck todd doesn't understand the economy. he's a political reporter. it's time we separate political reporters from real journalists because they don't understand whaeut what is going on with the ryan budget. we can't have a serious discussion about entitlements if we are truly going to have political reporters hogging up the front pages of what is going on. it's time that editors put the economists, and those reporters, journalists who understand the economy on the...
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Mar 13, 2013
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and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it, taking hatchet to the budget without looking at ways we could trim the budget and eliminate duplicative programs. but thank you for your question. host: the president meets with you on thursday. what do you think of the meanings and the way he has been meeting with republicans when it comes to budget and spending issues? guest: when he doesn't meet with people, he is accused of being distant and aloof. when he does meet with us, then he is caving. i know that people in my party become very paranoid and upset -- "oh, he is meeting with those terrible republicans." hos
and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it,...
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Mar 16, 2013
03/13
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. >> cyprus accounts for just 0.2% of the eurozone economy, but what happens in cypress will have repercussions far beyond its shores, affecting overall confidence in the euro. that is why european leaders are feeling the heat. >> let's go back to eu headquarters in brussels, back to our correspondent. we heard in that report, time is money. nevertheless, eu leaders are passing the issue in this case to their finance ministers. >> grazing when you see how it works, but that is just the way it has been done. there are a lot of technical details that need to be discussed, and a meeting of eu leaders is simply not the right platform. that is why finance ministers are arriving this afternoon to discuss how exactly this bailout package can be p together. also it means possibly involving russia, the russian state. possibly also involving private creditors from russia, from other countries, from the very beginning, that they would have to accept that they would lose money, but all of this needs to be discussed i detail, and we are expecting a very long discussion, but hopefully, we will have a package
. >> cyprus accounts for just 0.2% of the eurozone economy, but what happens in cypress will have repercussions far beyond its shores, affecting overall confidence in the euro. that is why european leaders are feeling the heat. >> let's go back to eu headquarters in brussels, back to our correspondent. we heard in that report, time is money. nevertheless, eu leaders are passing the issue in this case to their finance ministers. >> grazing when you see how it works, but that is...